Huntsman to Expand Polyetheramine Capacity
Huntsman Corp. recently announced it will begin construction on a 25,000-ton capacity expansion program at its polyetheramine facility in Singapore in the first half of 2015, increasing total capacity to 50,000 tons. The company is investing $100 million for this latest expansion at its Jurong Island facility, which will also include backward integration to produce polyethers from locally sourced feedstocks. This project is intended to help the company meet growing global demand for polyetheramines and to strengthen its leadership position in this technology. Construction of the new facilities is expected to be completed in the second half of 2016.
“We expect demand for our amines products to increase across all regions over the next decade, particularly in Asia-Pacific—where volume is set to grow by at least 10% per year,” said Peter R. Huntsman, president and CEO.
“Combined with our other existing polyetheramine manufacturing facilities in Conroe, Texas, and Llanelli, Wales, the expansion at our Jurong site will help us respond more quickly to customer demand, not only in the rapidly growing Asia market, but also around the globe,” said Stu Monteith, president of the Performance Products division.
For more information, visit www.huntsman.com.